The world of the status quo bias - Deepstash
The Podcasting Ecosystem

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The Podcasting Ecosystem

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The world of the status quo bias

Making an alternative choice is hard because we are neurologically wired to favor the default solution, even if it brings suboptimal results.

As the complexity of a decision increases, so does our tendency to stick with the answer we know.

3.16K

9.36K reads

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The Time Management Matrix

The Time Management Matrix

It's a visual tool for time management and evaluating tasks, to decide whether they should be carried out, delegated or dropped.

It divides tasks into 4 quadrants: Urgent and important, Not urgent and important, Urgent and not important, Not urgent and not important.

3.93K

12.1K reads

Jack Mezirow

"By far the most significant learning experience in adulthood involves critical self-reflection - reassessing the way we have posed problems and reassessing our own orientation to perceiving, knowing, believing, feeling and acting."

JACK MEZIROW

3.36K

22.2K reads

The Piechart of Time

The Piechart of Time

Useful for identifying the most optimal ways to spend your time.

The pie chart represents the total amount of time available within a chosen period of time. The time is limited and because it reinforces the idea of scarcity, you are forced to prioritize.

3.46K

10.7K reads

3 areas of life to clarify

You need to have absolute clarity over 3 fundamental facts:

  • Your goals (the destination)
  • Your current situation (your coordinates)
  • The path that connects both of them (the route).

A very simple, but cr...

4.63K

10.8K reads

The Ikigai diagram

The Ikigai diagram

Ikigai (usually translated as 'life’s purpose') is a Japanese concept that provides a visual framework to reach clarity and identify long-term goals.

It encompasses 4 dimensions of life: what you love, what you are good at, what you can be paid for and w...

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14.6K reads

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anty

I’ve got 99 problems and I’m not dealing with any of them.

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Status quo bias

Status quo bias

Status quo bias is when we prefer that our environment and situation should remain unchanged.

The bias has the most impact in the area of decision-making, as we tend to prefer the more familiar choice over the less familiar, but often better, option.

Common Explanations for Status Quo Bias

These explanations are all irrational for preferring the status quo:

  • Loss Aversion: When we make decisions, we weigh the potential for loss more heavily than the potential for gain.
  • Sunk Costs: We continue to invest resources like time, mone...

The Four Villains Of Decision Making

The Four Villains Of Decision Making

When we make bad decisions is usually because of these 4:

  • Narrow framing: the tendency to define our choices too narrowly, to see them in binary terms.
  • Confirmation bias: we are more likely to select the information that supports our preexistin...

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